Minda Corporation Limited (NSE: MINDACORP; BSE: )

Transcription

1 Driver Information And Telematics System Minda Corporation Limited (NSE: MINDACORP; BSE: ) Q1 FY Safety, Security And Restraint System September 2017 Interior System Instrument Clusters Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic Component

2 Minda Corporation - Earnings Conference Call Earnings Conference Call Q1 FY2018 Thursday, September 14, 2017 at 3.30 PM IST The management team of Minda Corporation will be represented by: Mr. Ashok Minda - Chairman and Group CEO Mr. R. Laxman - Group President, Finance Mr. N.K Taneja - Group Chief Marketing Officer Mr. Sanjay Aneja - CFO, Minda Corporation Mr. Deepak Balwani - Head, Investor Relations Conference Dial-In Numbers Primary Number Local Access Number The numbers listed above are universally accessible from all networks and all countries USA: UK: International Toll Free Numbers Singapore: Hong Kong:

3 Table of Contents 1. Minda Corporation at a glance 2. Regulatory Changes Ind AS 3. Consolidated Performance 4. Recent Achievements 5. Future Growth Areas 6. Company Background 7. Our Team 8. Annexures 3

4 Minda Corporation at a glance Group Businesses of Minda Corporation Minda Corp (Consolidated) Minda Management Services Limited (Corporate) Safety Security and Restraint system Driver Information and Telematics System Interior System After Market Minda Corporation Ltd (Standalone) Security Division, Die Casting Division & SMIT Minda VAST Access Systems Pvt. Ltd (50%) PT Minda Automotive Indonesia Minda Vietnam Automotive Co. Ltd Minda Autoelektrik Ltd Minda Furukawa Electric Pvt. Ltd (51%) Minda Stoneridge Instruments Ltd (51%) Minda SAI Ltd. EI Labs India Pvt Ltd Minda KTSN Plastic Solution GmbH & Co. KG Minda KTSN Plastic & Tooling Solutions Sp Zo.o Minda KTSN Plastic Solutions s.r.o. Minda KTSN Plastic Solutions Mexico, S. de R.L. de C.V. Minda Automotive Solutions Ltd Safety and Security System Driver Information and Telematics System Interior System Q1 FY18 Revenue (Rs. mn) 2,696 2,071 1,466 % of total Revenue 43% 33% 24% 4 100% subsidiaries unless specified in parenthesis Financials as per IND AS

5 Regulatory Changes Ind AS IND-AS Applicability Institute of Chartered Accountants of India (ICAI) issued Indian Accounting Standards (Ind AS) which have been notified under the Companies (Indian Accounting Standards) Rule, 2015 of the Companies Act, 2013 The Ind AS are applicable to Minda Corporation from 1 st April 2017 with transition date of 1 st April 2016 Significant Changes on account of Ind AS in Minda Corp s Q1 FY Financials Moved from line by line consolidation to equity method of accounting consolidation - Joint Ventures Minda VAST Subsidiaries Minda Furukawa and Minda Stoneridge 100% subsidiary Spark Minda Foundation (a Section 8 company under Companies Act, 2013) and ESOP Trust now being part of consolidation Re-instatement of of Minda Autoelektrik acquisition at fair value Sales grossed up with excise duty and shown net of cash discounts Actuarial gains and losses on defined benefit plans included in the Other Comprehensive Income 5

6 Consolidated Performance Consolidated Financial Performance: Q1 FY The Company has adopted Ind AS from 1st April 2017 Total revenues from operations increased by 19.2% y-o-y to Rs. 6,233 million Q1 FY EBITDA was Rs. 443 million; margins stood at 7.1% Net profit stood at Rs. 230 million, margins stood at 3.7% Operational Performance Minda KTSN (Interior System - Mexico) commenced commercial production in Q1 FY Minda Corp (Die Casting - Pune) to commence operations in Q2 FY Acquired EI Labs India Pvt Ltd in September 2017 to enhance Group s expertise in connected mobility and IoT solutions 6 Note: Financials as per IND-AS

7 Net Profit EBITDA Revenue Consolidated Performance Commentary Q1 FY2018 vs. Q1 FY2017 6,233 5,228 The revenues increased by 19% y-o-y in the Q1 FY on account of steady growth across business systems and increased tooling sales. Sales growth in business systems was approx. 10% Sales growth in tooling business was approx. Q1 FY17 Q1 FY Q1 FY EBITDA margins declined due to: Higher spend on R&D & future technologies 9.3% 7.1% GST impact on aftermarket business Currency fluctuations Q1 FY17 Q1 FY % 3.7% Q1 FY17 Q1 FY18 Increase in depreciation provision due to expansion projects Finance cost was higher on account of new investments towards expansion at Minda KTSN and MCL Die Casting plant Net Profit was also impacted due to losses of Rs million related to discontinued operations of a loss making plant at Chennai in one of the subsidiaries 7 Notes: 1. Financials as per IND-AS 2. All figures in Rs. mn

8 Consolidated Performance Consolidated Sales for Q1 FY2018 of Subsidiaries (In Rs. mn)* 2,153 2,014 1, Minda SAI Minda Corporation Minda KTSN Minda Automotive Solutions Minda Autoelektrik PT Minda Indonesia Minda Vietnam Minda Management Services Minda Automotive Solutions 6.8% Sales breakup for Q1 FY2018 of Subsidiaries* PT Minda Indonesia 3.5% Minda Autoelektrik 4.3% Minda Vietnam 1.4% Minda Management Services 1.2% Minda SAI 32.0% Revenue breakup for Joint Venture Companies for Q1 FY2018 (not included in consolidation) Joint Venture Sales (Rs. mn) Minda Furukawa 1,222 Minda KTSN 20.9% Minda Corporation 29.9% Minda Stoneridge 1,195 Minda VAST Notes*: 1. Inter-company adjustments, consolidated elimination and JV companies not considered 2. Financials as per IND-AS

9 Recent Achievements 9

10 Recent Achievements Safety, Security and Restraint System (Lifetime order worth approx. Rs. 155 Cr) Orders received for Die casting business for Exports to Europe for Compressor Housing (life time business order of approx Rs. 83 Cr) Received orders for Lockset from Indian 2 Wheeler OEM for new model (life time business value of approx. Rs. 55 Cr) Received orders for Door Handles for new model from domestic OEM for SUVs (life time business order approx Rs. 10 Cr) Order received for Starter Motor for Exports to Europe (life time business order of approx. Rs. 8.5 Cr) Significant Orders Booked Driver Information and Telematics System (Lifetime order worth approx. Rs. 325 Cr) Orders received for Speedometer from global OEM for 2 Wheeler in India (life time business order of approx Rs. 170 Cr) Received orders for Wiring Harness from domestic OEM for Trucks and Bus Division for various models (life time business order of approx Rs. 135 cr) Received further orders in various products like Electronic Speedometer, Steering Roll Connector (SRC) and Fuel Level Sensor from domestic OEMs (aggregate approx life time business order worth Rs. 20 Cr) Interior System (Lifetime order worth approx. Rs. 300 Cr) Minda KTSN received orders for I Panel Parts and Cup Holder from European OEM for new model (life time business order of approx Rs. 255 Cr) Minda SAI received orders for Battery Tray, Sash Comp, Nozzel Defroster and Airvent from domestic OEMs for new model (life time business order approx. Rs. 50 Cr) 10

11 Acquisition of EI Labs, a connected mobility and IoT solutions Co. Located in Bangalore, EI Labs India Pvt Ltd delivers interdisciplinary products in the connected mobility and IoT space The acquisition will enable the group to expand into fast growing Connected Mobility market in India and abroad across Vehicle segments start providing cutting edge Internet of Things (IoT) solutions for Automotive and other related applications enhance in-house technology enabled expertise of the Group leverage usages of acquired technology in existing product portfolio of Group to create a value add for customers EI LABS Company at a Glance: Product Portfolio 11

12 Minda Corp AGM Minda Corporation s 32 nd Annual General Meeting Monday, August 21, 2017 PHD Chamber of Commerce and Industry, PHD House, New Delhi Mr. Ashok Minda, Chairman, addressing shareholders Mr. R. Laxman, Group President - Finance, giving presentation to shareholders Mr. Ajay Sancheti, Head - Group Legal and Company Secretary, addressing the queries of shareholders First time live streaming of AGM through Youtube & Website, going digital to proactively reach shareholders and investors Introduced electronic tablet based voting facility at AGM The recordings of the AGM proceedings is available and can be availed of via the below video link: 12

13 Future Growth Areas 13

14 Future Growth Areas MCL: Greenfield expansion for Die Casting Plant at Pune Minda Corp (Die Casting - Pune) to commence commercial operations in Q2 FY Facilities include: Aluminium Gravity and Low Pressure Die Casting with machining Separate machine shop with focus on precision parts Compressor Housing Existing production capacity is 4,600 MT p.a. and FY target capacity is 9,600 MT p.a. Capital investment of Rs. 1,000 million in FY ; expected annual sales of Rs. 2,000 million by Total order booked for this plant of approx. Rs. 1,600 million per annum (i.e. life time value of Rs. 8,000 million) Spark Minda Technical Centre (SMIT), Pune Establishing EMC testing, HIL testing, proto shop & reliability engineering to increase the quality and efficiency of the R&D Will enable MCL to expand in automotive systems areas other than legacy products To help build up the products for the automotive mechatronics engineering use EMC facility is operational; 2 nd Tier 1 to have EMC/EMI in India Around 35 engineers on board as on date; 3 patents filed so far Infrastructure and building is operational; team moved to the new facility in Oct The Company plans to invest approx. Rs 250 million opex and capex by

15 ISG ADAS Electrification 2w-ABS 2W-EFI Immobilizer Key Growth Drivers Connected Car SMIT, Pune Connected Commercial Vehicle / Tractor Connected Cluster Connected Mobility Multifunction ECU / BCM iris 1.0 / 2.0 Electronification Smart Key Virtual Key IOT- Genset 15

16 Future Growth Areas Minda KTSN: Greenfield Plant at Mexico Minda KTSN (Interior System - Mexico) commenced commercial production in Q1 FY Total area of the plant is c. 17,320 sqm. Received orders for the manufacturing of parts including Glove Box, St. Column, End Cap, Hang on parts and others. Total orders received of approx. Euro 25 million per annum Capital investment of Rs. 1,000 million in FY ; expected annual sales of Rs. 1,750 million by Minda KTSN: 50:50 Joint Venture with SBHAP, China (a BAIC group subsidiary) in Aug 2016 Located in Zibo, Shandong Province Acquired land with an overall size of approx. 10,000 sqm. Construction is expected to be completed in FY Products: Plastic Oil Pans & Cylinder Head along with other plastic under-bonnet / interior parts Target customers: CV OEMs such as Daimler, Foton etc having manufacturing plants in China 16

17 Key Growth Drivers Focused approach to tap potential growth opportunities 1. Incremental demand of electronics and technological advanced products such as EFI/EMS Systems, ABS and CBS, EGT/EGRT Sensors, ISG, ADAS, connected cars, PM Sensors / Soot, Body Control Modules etc in non legacy product business 2. Focus on new technologies in legacy products such as PEPS, Electronic Clusters, 2-Wheeler electronic locks, Bracketless Door Handles & Low Cost Immobilizer 3. Strong focus on: New Customer Additions, Unaddressed Vehicle Segment (eg Off-road vehicles) and Emerging Future Segments (eg electric vehicles). Steering Roll Connector (SRC) sales expected to increase with air bags becoming mandatory in near future 4. Strong focus on increasing export business and expanding overseas operations 17

18 Improvements and Potentials Improvement plan continues to be undertaken in FY S. No Particulars 1 Minda Furukawa action plan for improvement underway 2 Optimization of employee cost 3 Increase in better margin business in export and electronics 4 Margin improvements in Minda KTSN 18

19 Company Background 19

20 Group Operating Structure Minda Corporation Minda SAI Minda Automotive Minda Management Services Minda Furukawa Electric (51%) Minda Autoelektrik Ltd Minda KTSN Plastic Germany** Minda Stoneridge (51%) Minda VAST Access Systems (50%) Minda KTSN Plastic Poland EI Labs India Pvt Ltd Almighty International PTE, Singapore Minda KTSN Plastic Czech Minda KTSN Plastic Solutions Mexico Minda Vietnam PT Minda Automotive, Indonesia 20 * 100% subsidiaries unless specified in parenthesis ** Entered into a 50:50 Joint Venture with SBHAP, China (a BAIC group subsidiary) in Aug 2016

21 Safety, Security and Restraint System Companies Product Portfolio Key Customers & No of Plants Minda Corp (Standalone) Complete Lock Kit Lock for Off road Vehicles Steering and Glove Box Locks Pannier Latches Gear Shift Lock Aluminium High Pressure Die Casting Compressor Housing Intake Manifold Bajaj Auto TVS Ashok Leyland Yamaha HMSI 10 Minda VAST Access Systems PT Minda Automotive Indonesia Minda Vietnam Automotive Immobilizers System Mechatronic Handles Locksets Outside Door Handles Locksets Inside Door Handles Side Door Latches Remote Key Less Antenna Remote Key Steering Lock Speedometers Wiring Harness Nissan M&M Tata Motors Maruti Yamaha Suzuki Kawasaki Piaggio Minda Autoelektrik Alternator Starter Motor Escorts Magneton ITL TAFE CNH 1 Q1 FY18 Revenue (Rs. mn) % of total Revenue 43% 21 * Financials as per IND-AS

22 Driver Information and Telematics System Companies Product Portfolio Key Customers & No of Plants Minda SAI* Wiring Harness Solutions Terminals Connectors Battery Terminals Plastic Interiors M&M HMSI TVS Ashok Leyland Hero Moto Corp 9 Minda Furukawa Maruti Suzuki Renault-Nissan Honda 4 Wiring Harness Steering Roll Connector Junction Box Grommets Minda Stoneridge Instruments Temperature Sensors Fuel Level Sensors Speed Sensors Instrument Cluster HMSI Ashok Leyland Bajaj Auto M&M 2 Q1 FY18 Revenue (Rs. mn) 2,071 % of total Revenue 33% 22 Financials as per IND-AS *Minda SAI acquired EI Labs India Pvt Ltd in Sep 2017

23 Interior Systems Companies Product Portfolio Key Customers & No of Plants Minda KTSN Plastic Solution GmbH & Co. KG (Germany) Oil Sump Quick Connectors Middle Arm Rest Seat Panel Glove Box Ash Tray Cup Holder Steering Column Structural Parts Minda KTSN Plastic & Tooling Solutions Sp Zo.o (Poland) Minda KTSN Plastic Solutions s.r.o (Czech Republic) Automotive Mechanical Electronics Tooling Air Vent Ash Tray Cup Holder VW Group (Audi and Porsche Group) BMW Daimler 4* Minda KTSN Plastic Solutions Mexico, S. de R.L. de C.V. Glove Box I-panel hang-on parts Steering Column shroud Q1 FY18 Revenue (Rs. mn) 1,466 % of total Revenue 24% 23 * The Company inaugurated the new plant at Queretaro Industrial Park-II Puerto, Mexico in April 2017 Minda KTSN entered into a 50:50 Joint Venture with SBHAP, China (a BAIC group subsidiary) in Aug 2016 With the support of Minda KTSN, Minda SAI also manufactures Plastic Interiors Products Financials as per IND-AS

24 After Market Company Product Portfolio Minda Automotive Solutions Ltd Door Handles Sensor Clutch Plates Control Cables 2/3W Locks Filters Wiper Blades Glow Plug Brake Shoe Wiring Harnesses Instrument Cluster Aftermarket sales contributes about 8% to the total revenues Sales from Aftermarket is included in the respective business segments 24

25 Group at a glance Category Product Portfolio Company End Market * Plant Locations / Offices Group Corp Corporate Office Minda Management Services Ltd. - Gurgaon Safety Security and Restraint system Driver Information and Telematics System Interior Systems After Market Electronic & Mechanical locks, Door Handles, Latches, Door Checker, Key (Mechanical and Electronic), Die Casting: AL (HPDC, GDC, LPDC) and Zn: Hot Chamber, Alternators, Starter Motors Wiring Harness, Connectors, Terminals, Steering Roll connectors, Relay & Fuse box, Instrument Clusters,, Dashboard Assemblies, Sensors - Speed, Temperature, Position, Pressure etc. Plastic Interior trims & Subsystem, Kinematic Modules, Structural Modules, Soft Touch Technology etc. All products made by Group co. and outsourced products like control cables, filters and relays Minda Corporation Ltd. 2/3 W, CV, Tractors, Off Road Vehicles Minda VAST Access Systems Pvt. Ltd. PV Manesar, Pune PT Minda Automotive Indonesia 2 W Indonesia Minda Vietnam Automotive Co. Ltd. 2 W Vietnam Minda Autoelektrik Ltd CV, Agriculture Machinery, Construction Equipment Aurangabad (2), Greater Noida, Noida, Pant Nagar (2), Pune (4) Minda Furukawa Electric Pvt. Ltd. PV Bawal, Chennai, Noida, Tihar Jail Bawal Minda Stoneridge Instruments Ltd. 2/3 W, PV, CV, Tractors Chennai, Pune Minda SAI Ltd. 2/3 W, CV, PV EI Labs India Pvt Ltd. Bangalore Minda KTSN Plastic Solution GmbH & Co. KG PV, CV Germany Minda KTSN Plastic & Tooling Solutions Sp Zo.o PV, CV Poland Minda KTSN Plastic Solutions s.r.o. PV, CV Czech Republic Minda KTSN Plastic Solutions Mexico, S. de R.L. de C.V. PV, CV Mexico Minda Automotive Solutions Ltd. 2/3 W, PV, CV, Tractors Noida Chennai (2), Greater Noida (2), Haridwar, Murbad, Pithampur, Pune, Yerwada Jail 25 CSR Group CSR initiatives Spark Minda Foundation - * 2 W = 2 Wheelers 2/3 W = 2/3 Wheelers CV = Commercial Vehicles PV = Passenger Vehicles Minda KTSN entered into a 50:50 Joint Venture with SBHAP, China (a BAIC group subsidiary) in Aug 2016

26 Consolidated Financial Performance Consolidated Annual Performance Trend Revenue (Rs. mn) EBITDA (Rs. mn) and Margin (%) 15,939 19,706 24,455 29,620 1,561 2,082 2,234 1,981 FY2014 FY2015 FY2016 FY2017 FY2014 FY2015 FY2016 FY2017 PAT (Rs. mn) and Margin (%) , FY2014 FY2015 FY2016 FY Note: Financials as per IGAAP

27 Key Markets Manufacturing facilities strategically located globally providing support to OEMs Location Safety and Security System Driver Information and Telematics System Interior System India Europe 3 North America 1 South East Asia 2 Total Europe 22.5% * Revenue Breakup in Q1 FY2018 South East Asia 4.5% India 73.0% Europe (3) India (30) South East Asia (3) Poland (1) Germany (1) Czech Republic (1) Delhi / NCR (9)+(2) office Uttarakhand (3) MP (1) Japan (1) Vietnam (1) North America (1) Maharashtra (10) Karnataka (1) Manufacturing Facilities Indonesia (1) 27 Mexico (1) Note: Financials as per IND-AS Tamil Nadu (4) Offices

28 Key Customers 2-3 Wheelers Passenger Vehicles Commercial & Off Highway Vehicles Others Revenue Breakdown by End Market (Q1 FY2018) Passenger Vehicles 30.4% After Market 7.6% 2-3 Wheelers 39.2% 28 Note: Financials as per IND-AS Commercial & Off Highway Vehicles 22.8%

29 Our Partners Joint Ventures & Technology Tie ups with Leading Global Firms Partner Furukawa Electric Co. Ltd. Stoneridge Inc. Vehicle Access Systems Technology (VAST) LLC Country Japan USA USA Minda Group s Stake / Company 51% / Minda Furukawa Electric Pvt Ltd 51% / Minda Stoneridge Instruments Ltd 50% / Minda Vast Access Systems Pvt. Ltd Year of JV Segment Key Products (JV) Summary Driver Information and Telematics System Driver Information and Telematics System Safety Security and Restraint system Wiring Harness, Terminals, Relay Box, Related Coupler Terminals, Junction Box, Steering Roll Connector Instrument Clusters, Dashboard Clocks, Fuel Level Sensors, Dashboard Assemblies, Speed Sensors, Temperature Sensors Locks & Keys, Steering Column Locks, Immobilizers, Latches, External & Internal Door Handles & Back Door Openers, Remote Controls, PEPS, Hood, Tail & Seat Latches, ESCL, Power Closure for 4 wheelers Furukawa electric is a Tokyo listed electronic equipment manufacturing company With approximately 900 bn of annual sales, the Group s presence consists of over 100 companies globally across telecommunications, electronics, new materials and automotive products Stoneridge Inc. is a NYSE listed leading manufacturer of electronics instruments With approximately $700 mn in annual sales, Stoneridge s footprint encompasses more than 25 locations in 12 countries VAST, USA manufactures and markets automotive Access Control Products With approximately $1.5 bn in annual sales, VAST is one of the global market leaders in the access systems business The Member Organizations of VAST are WITTE Automotive from Velbert/ Germany, STRATTEC Security Corporation from Milwaukee/ WI and ADAC Automotive from Grand Rapids/ MI (both USA) 29

30 Our Team 30

31 Our Team Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. Sudhir Kashyap Executive Director & CEO Mr. R. Laxman Director & Group President, Finance Mr. Avinash P. Gandhi On the Board of Lumax Industries, Indo Alusys, Hyundai, Havells India, EV Motors, Fag Bearings and QRG Enterprises Mr. Rakesh Chopra On the Board of GPR Enterprises, Kempty Cottages, Bharat Gears, Axles India and Cleantec Infra Mr. Ashok Kumar Jha On the Board of Setco Automotive, Great Eastern Energy Corporation, Nuziveedu Seeds & Xpro India Ms. Pratima Ram On the Board of Havells India, Suzlon Energy, Deccan Gold Mines Limited, SF Forge Limited 31

32 Our Team Senior Management Ashok Minda Chairman and Group CEO N. K. Taneja Group Chief Marketing Officer R. Laxman Director and Group President, Finance Sudhir Kashyap ED and CEO, Minda Corporation Sanjeev Saxena CEO, Minda SAI and Minda Stoneridge Vinayak Hegde MD, Minda KTSN Plastic Solutions Description Over 30 years of experience in the Auto Industry Member of various Committees of the Company's Board The Group under the leadership of Mr. Minda broke new frontiers by joining hands with world renowned companies of USA, Germany, Japan, France etc. Association of approx. 20 years with the Company Specialization in General Management, Marketing and Business Strategy Worked with eminent companies like L&T, Phillips, Harman International (USA), Manesmaan Group (Germany) CS and CWA by qualification 25 Years of experience in Finance, Merger & Acquisition and Private Equity Previously with Kotak PE and Kotak Investment Bank MBA (Finance) and CWA by qualification Over 25 years of experience in Automotive Components Industry Associated with the group for over 12 years Prior to joining Minda Corp, he worked with Anand Group Mechanical Engineer and IIM Ahmedabad graduate Over 25 years of experience 8 years of International experience based out of Singapore and China Served as MD and Country Manager, Delphi Packard India Mechanical Engineer by qualification Experience of over 17 years in auto component industry globally in the field of Management, Customer handling, Operations, Business Acquisitions & Mergers B.E and MBA by qualification 32 Sanjay Aneja CFO, Minda Corporation Ajay Sancheti Head -Group Legal and Company Secretary Work Experience of ~26 years with 16 years of experience in automotive industry Specialized in Finance & Strategy with strength in General Management, Strategic Funding, Merger & Acquisition, Corporate Finance, Corporate Affairs, Capital & Financial Markets, Networking in Domestic & International finance & banking communities both at Domestic and International Level CA and CS by qualification Associated with Minda Group for approx. 20 years Extensive experience in international corporate restructuring, mergers and acquisitions, corporate governance and capital market Specialization in Cross Boarder Merger & Acquisition, Joint Ventures, funding, Foreign Exchange matters etc Extensive networking with global legal firms/advisors Mr. Sancheti is a Law graduate and Fellow member of The Institute of Company Secretaries of India

33 Annexures 33

34 Investors Information Market Data (8 Sep 2017) No. of Shareholders Market Cap. (Rs. mn) 22, ,505 17,217 Outstanding Shares (mn) , week High/Low 143.6/85.5 4,325 5,387 5,670 7,951 Bloomberg / Reuters Ticker MDA:IN / MINC.NS Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Shareholding Pattern Average Daily Trading Volumes (BSE & NSE) 34 (In %) Sep 30, 2016 Dec 31, 2016 Mar 31, 2017 Jun 30, 2017 Promoters Public Others Total No. of Shares Rs. (000) $ (000) May ,205 23, June ,054 19, July ,489 43, Aug ,551 32, Sep-17 (up to 8 th Sep) 284,675 32, Average 3 months 323,238 36,

35 Awards and CSR Recent Awards Manufacturing Excellence Award presented by Managing Director/CEO of Maruti Suzuki Mr. NK Taneja; Group Chief Marketing Officer Fore Top Rankers Excellence Award For Marketing by FORE Group Mr. Sanjiv Jain; Group Chief Information Technology Officer Top 100 Infosec Maestros PT Minda: Best Suzuki Vendor Performance 2016 award MFE Awarded with 2nd Best DDU-GKY Employer for the year Spark Minda Magazine - Award for Best In-House magazine Silver award for best in class performance in Business Alignment; Supplier Summit Ashok Leyland Recent Corporate Social Responsibility Activities Employment to Industrial Tailoring Learners Solar Operated Vocational Training Center TV 100 CSR Excellence Award for Healthcare in Automobile Sector 35

36 Journey So Far Our History - Long standing presence of over 5 decades Foundation of Group by Late Sh. S.L. Minda Public Issue and listing at Delhi Stock Exchange Acquired Sylea Automotive through Minda Wirelinks Pvt. Ltd. and consolidated as Minda SAI Ltd. Joint Venture formed with Huf Hülsbeck & Fürst GmbH & Co. KG JV with Furukawa, Japan to form Minda Furukawa Electric Pvt. Ltd. Acquisition of KTSN, Germany Establishment of design center in Japan Rebranding of Group as Spark Minda Acquired 100% equity of Minda Autoelektrik Ltd BSE and NSE Top 500 Company JV with China s BAIC Group subsidiary SMIT set up in Pune Inaugurated the new plant at Queretaro Industrial Park-II Puerto, Mexico on April rd Die Casting Plant in Pune Acquisition of EI Labs Listing of Company on NSE and BSE Inception of Minda Switch Auto Ltd. Started manufacturing of electronic security systems JV with Stoneridge Inc. USA to form Minda Stoneridge Instruments Ltd.; Now Minda SAI holds 51% equity of this JV w.e.f from Oct. 1, 2015 Commencement of Interior Plastic Division Acquisition of Die casting business Start of Asean operations through subsidiaries in Vietnam and Indonesia JV with VAST, USA to form Minda VAST for manufacturing of 4 wheeler security system Completion of group s reorganization efforts Acquired 51% equity of Minda Stoneridge Instruments Ltd. 36

37 Key Investment Themes High value, technologically advanced products; global presence with 34 plants Technological tie ups with global automotive component manufacturers Well diversified customer base, product portfolio and business segments Low leverage providing significant flexibility for organic / inorganic growth Professionally run company with strong second line management Strong and independent board at Minda Corporation and its subsidiaries 37

38 Thank You This presentation contains statements that contain forward looking statements including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited ( Minda Corp or the Company) future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Minda Corp undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances. 38 Corporate Office: Plot No: 68, Echelon Institutional Area, Sector - 32, Gurugram Tel: Fax: Registered Office: Town Hall - Presentation A 15, Ashok Vihar, Phase 1, Delhi INVESTOR RELATIONS CONTACT CA Deepak Balwani Head - Investor Relations Minda Corporation deepak.balwani@minda.co.in Ankul Adlakha Churchgate Partners minda@churchgatepartners.com